ORGANON & CO (OGN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OGN - US68622V1061 - Common Stock
Overall OGN gets a technical rating of 1 out of 10. OGN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, OGN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 7.72. Right above this resistance zone may be a good entry point.
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6.98
2 important support areas can be observed.
- A support zone ranging from 7.18 to 7.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @7.05 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 7.72 to 7.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.44 from a trend line in the weekly time frame.
- Resistance @9.65 from a trend line in the daily time frame.
- Resistance @9.91 from a trend line in the weekly time frame.
- Resistance @10.24 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for OGN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OGN is neutral. |
| ChartMill Relative Strength | 8.73 | NEGATIVE | OGN has a low relative strength, it was outperformed by 91.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OGN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OGN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.79 | NEUTRAL | The RSI value for OGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests OGN has a positive trend. |
| Stochastics (14,3) | 83.29 | OVERBOUGHT | The high Stochastics value suggests OGN may be overbought. |
| Average True Range in percent/ATR (20) | 5.09 | HIGH VOLATILITY | The high ATR as a percentage value for OGN suggests high volalility. |
| Average Directional Index/ADX (14) | 24.7 | NEUTRAL | The ADX value for OGN suggests a possible start of a new trend. |
7.71
-0.03 (-0.39%)
ORGANON & CO / OGN FAQ
What is the technical rating for OGN stock?
ChartMill assigns a technical rating of 1 / 10 to OGN.
Can you provide the trend direction for ORGANON & CO?
The current trend direction for ORGANON & CO (OGN) is Bearish.
What is the RSI signal for OGN stock?
ORGANON & CO (OGN) has an RSI value of 49.7917. This indicates that the stock is currently neutral.
What is the MACD signal for OGN stock?
The MACD indicator for ORGANON & CO (OGN) has a value of 0.13733, indicating a bearish trend.